More in Trade

Under the agreement Vietnam will eliminate duties on imports of EU small- and medium-engine cars – which now face 74%-78% tariffs – over 10 years’ time. The EU in turn will drop its 10% tariff on Vietnam vehicle imports....More

The Russian government will revise its formula for determining the level of localization of auto production. Foreign automakers will be given up to three years to comply with the amended requirements....More

Subaru parent Fuji Heavy Industries will continue diverting its Japan-built cars to Shanghai because its Tianjin operations have not returned to normal since the deadly Aug. 12 chemical explosion....More

With the lifting of sanctions against Iran in exchange for curtailing its nuclear program, Chinese automakers will face more competition as other foreign companies step up production in the country, increase imports, or both....More

Sources say Daimler has asked St. Petersburg Gov. Georgy Poltavchenko to provide a 125-acre site for the Mercedes-Benz assembly plant, along with associated infrastructure investment, without compensation from the automaker....More

An industry lobbying group says it opposes increased personal importation of new vehicles or the importation of used vehicles because they may meet a lower safety standard, or may not be suitable for Australia’s environmental conditions, or both....More

The Ukraine government grumbles the WTO panel had found fault with alleged failings by Kiev over how it had justified levying the duties, which are supposed to give local industries time to react to an import boom and become competitive....More

The Open Europe think tank says U.K. car exports could face EU import tariffs of up to 10% following a potential Brexit, impacting EU-oriented volume manufacturers such as Honda, Nissan, Toyota and Vauxhall. Premium automakers would be less affected....More

The proposal is a response to concerns expressed by many foreign automakers that the ongoing decline of the Russian automotive market may leave them unable to meet their obligations to reach 75% levels of localization by 2018....More

China's Commerce Ministry says in a statement the U.S., which has imposed duties exceeding 100% in some cases in response to alleged dumping, should "adopt a responsible attitude and actions (and) correct its mistakes."...More

A government spokesman says besides Opel, GM will add assemblies of premium brands including Cadillac at its Belarusian JV by September. The new models will be sold in Belarus, Russia and possibly other Eastern European states....More

The KMWU’s wage-hike demand is 252% higher than the 63,000-won monthly increase agreed upon in 2014, and it seeks bonuses 43% to 238% higher than the average 10.5 million won paid out last year....More